Bitcoin is on the way towards gaining the figure of 100k per the statements of two crypto YouTubers: Nicholas Merten and Carl Runefelt. The proclaimed about the bull run, running present, during a bitcoin discussion on YouTube.
Bitcoin is Trading High
Both YouTubers are giving out positive signals since the start of 2020 and their predictions are becoming true so far. Bitcoin has been up by 30% since the inception of the new year-showing bullish rally.
Until we get to $20,000, we’re not going to see the parabolic run that we’ve seen in previous cycles, like when we went from $1,000 to $20,000 in 2017, says Merten.
He claimed that the next target for the bull cycle will happen between $80,000 and $100,000.
He went on further while giving a bullish statement on Bitcoin:
That’s really what I define as a key bull market for cryptocurrencies, but we’re trading higher… we’re going for higher highs and higher lows, those are all positive signs.
The fellow Youtuber also expressed his sentiment over the current bull cycle. He said that, now, analysts are looking at the resistance level, residing at $9,500, and the level is also important for potential investors.
He goes on saying from when the bullish rally started:
…On the monthly timeframe, we’ve been in a bull market ever since Bitcoin broke back above $6,000.
Brandt, a few days back, predicted the bullish rally on the part of Bitcoin-the digital gold.
They all now want to sit and buy a break back to $6,000 or $5,000 and they’ve missed the bottom — and during that bottom, I think you had a lot of people accumulate with strong hands.